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ZPG - ZPG News Story

490.4p 0.0  0.0%

Last Trade - 10/07/18

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £105.9m
Position in Universe th / 1824

Zoopla Property Grp - POST-CLOSE TRADING UPDATE

Thu 22nd October, 2015 7:00am
RNS Number : 0208D
Zoopla Property Group PLC
22 October 2015

22 October 2015

ZOOPLA PROPERTY GROUP PLC

POST-CLOSE TRADING UPDATE

Zoopla Property Group Plc (LSE:ZPLA) (the "Group") today provides its scheduled trading update in respect of the financial year ended 30 September 2015.

Management is pleased with the Group's progress in the twelve months ended 30 September 2015 and anticipates FY15 Revenue and Adjusted EBITDA of around 107 million (FY14: 80.2 million) and 48 million (FY14: 39.6 million), respectively.

The Property Services division has performed well with UK Agency membership continuing its return to growth. The Group added a further 146 net new UK Agency branches since our last member update for July, taking total UK Agency members to 12,702 as at the end of the financial year. The Group had 2,706 new home development members, 737 overseas members and 266 commercial members taking the total number of members at the end of the financial year to 16,411.

The Comparison Services division has performed ahead of expectations in the four months since the acquisition of uSwitch, which completed on 1 June 2015. The energy vertical has benefitted from uSwitch's market-leading position and the availability of competitive tariffs, and the communications vertical has gained from highly competitive consumer deals in broadband and mobile. The business continues to develop its growing financial services offering.

Net debt at 30 September 2015 was approximately 94 million.

Outlook

Management is encouraged by the trend of gradual UK Agency membership growth over the past five consecutive months and is confident of delivering ARPA growth based on the demand from its members for additional products and package upgrades.

The Group will continue to invest in developing its integrated proposition and delivering on its strategy of becoming the consumer champion at the heart of the home. Management remains comfortable with market expectations for FY16.

Results for the financial year ended 30 September 2015 are due to be announced on 2 December 2015.

For further information, please contact:

Zoopla Property Group Plc

Lawrence Hall, Head of Communicationslawrence.hall@zpg.co.uk/ 020 7620 4618 / 07890 078 945

Rachael Malcolm, Head of Investor Relationsrachael.malcolm@zpg.co.uk/ 020 7620 4790 / 07774 671 082

Maitland

James Isola, Partner jisola@maitland.co.uk / 020 7379 5151

About Zoopla Property Group (www.zpg.co.uk)

Zoopla Property Group Plc (LSE:ZPLA) is a digital media business that owns and operates some of the UK's most widely recognised and trusted online brands including Zoopla, uSwitch and PrimeLocation.Our mission is to provide the most useful resources for consumers and be the most effective marketing partner and lead generation engine for professionals in the property space.

We help our users to research, find and manage their home. Each of our brands has a distinct market position attracting a unique audience and allowing us to deliver unrivalled exposure and leads for our partners. Our websites and mobile apps attract over 50 million visits per month, generating over 2 million leads per month for our partners.

Zoopla is the UK's most comprehensive property website, empowering consumers to make smarter property decisions, by helping them to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information.

uSwitch is the UK's leading comparison website and lead generation engine for home services switching, helping consumers to find the best deal and save money on their gas, electricity, broadband, TV, phone and personal finance products. In 2014, uSwitch saved UK consumers over 112m on their energy bills alone.

PrimeLocation is one of the UK's leading property websites, helping house-hunters in the middle and upper tiers of the market explore and find their dream home from the top estate and letting agents.

Zoopla Property Group Plc was founded in 2007 and has a highly-experienced management team, led by Founder & CEO, Alex Chesterman.


This information is provided by RNS
The company news service from the London Stock Exchange
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